Auditing Contingincies and Going Concern Uncertainty - Testing for Com
Available Until
On-Demand Only
2.00 Credits
Member Price $79.00
Non-Member Price $109.00
Overview
Description:
Auditing Contingencies and Going Concern Uncertainty - Testing for Completeness and Proper Disclosure will provide tips and techniques for obtaining sufficient appropriate audit evidence to support conclusions related to contingencies and going concern uncertainty. Financial statements may contain significant uncertainties requiring special audit consideration for evaluating proper accounting and financial reporting treatment.
Learning Objectives:
After attending this presentation you will be able to . . .
- Recognize accounting and auditing requirements for commitments and contingencies
- Identify litigation, claims and assessment special considerations
- Recall the auditor's responsibility for evaluating the appropriateness of going concern accounting and disclosure
Program Content:
- Overview of contingencies and related disclosures
- Identifying and determining proper accounting treatment for litigation, claims and assessments
- Evaluating the sufficiency of attorney's letter responses for audit evidence
- Evaluating substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time
- Auditing managements assumptions in making the going concern evaluation
- Proper application of the liquidation basis of accounting
Who should attend: Accountants responsible for auditing contingencies and going concern uncertainties
Developed by: Emergent Solutions Group LLC
Instructor: Jennifer F. Louis, CPA
Highlights
Prerequisites
Basic familiarity with fraud risk
Designed For
Objectives
Preparation
None
Leader(s):
Leader Bios
Jennifer Louis, Surgent McCoy Self Study
Jennifer F. Louis has more than 18 years of experience in designing and instructing high-quality training programs. In 2003, she formed Emergent Solutions Group, LLC, serving organizations by providing training services on a project-specific or part-time basis. Louis was Executive Vice President and director of training services at AuditWatch, Inc., a premier training and consulting firm serving the audit profession. She began her career at AuditWatch as Vice President of product development. Before joining AuditWatch, Louis was the financial and operational audit manager at AARP. She was also an audit manager for Deloitte & Touche LLP. During her years at Deloitte & Touche’s Washington D.C. office, she was a frequent local and national instructor. She also served as an instructor for the firm’s national “Train the Trainers” program. Louis graduated summa cum laude from Marymount University with a BBA in accounting. She is a member of the AICPA and is licensed to practice in the Commonwealth of Virginia.
Non-Member Price $109.00
Member Price $79.00